The Gujarat government signed eight memoranda of understanding (MoU) with the attendants of the sixth Vibrant Gujarat Summit- 2013 for development of the existing ports as well as converting them into environmental-friendly or green ports. These eight MoUs are part of the 63 agreements worth Rs 1 lakh crore that the state government plans to sign with the private players for the development of the stateÂ’s port
Tag: MoU
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State govt asked to cancel port projects
The opposition party in Odisha wants the state government to cancel all the agreements signed between the state and different private sector companies for the implementation of the port projects. The demand comes following the tabling of a report by the Comptroller and Auditor General (CAG) in the s
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Adani, Baltimore ports join hands
Adani Port SEZ (APSEZ) has entered into an agreement with the US based Port of Baltimore for sharing of technology and promotion of trade between Adani’s ports and the US port.The Memorandum of Understanding (MoU) signed between both the ports would benefit Adani group owned ports in terms of technology upgradation or transfer from the US.
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PAI to invest in Hazira Port
Belgium's Port of Antwerp aims to pick a stake in Essar Group's Hazira Port. It is believed that Port of Antwerp International (PAI) is working with reserves of 25 million and it has already acquired stakes in port projects in Oman and Congo.The move is in keeping with the Belgian company's expansion plans firmed up last year, when it evaluated 20 projects and zeroed in on a few of them to expand its presence out of Europe through equity participation